Teamsters Pension Fund in"RED ZONE" - They need your AA AMT Money!

[aapitbull]

BULL SH**

The decree speaks exactly on the date used for seniority. The link I sent you is just a brief overview of the actual court decision. The actual description of how the decree is implemented is several hundred pages. To sum it all up however, HIRE DATE is the rule.

Lay off and Recall is the underlying point.

This is a e-mail sent to me by one of your members you and Ralph seem to disagree so maybe you should call BULLSH$$ on this.

As previous updates have mentioned and as was discussed in yesterdays National Seniority Integration Committee (NSIC) meeting, the IBT has sought the advice of outside counsel to render an opinion as to various level of applicability concerning the Consent Decree at UAL.
Attached is the opinion letter of the firm SpivakLipton. Please share with your committee members. The IBT counsel as well as the outside firm believe the consent decree applies to the merged group.
There are still questions open concerning how the s-CAL list will be sorted prior to integration (i.e., will the s-CAL need to be resorted to comply with consent decree for the purpose of layoff and recall?)
Remember Consent Decree applies only to layoff and recall.
The NSIC will be meeting again in July to continue discussions on issues related to seniority and/or seniority integration, dates and location TBD.
Thanks to those who attended.
[font=Arial']In Solidarity,

Ralph Salzano
Business Agent
Local-210-IBT
973-681-2750 (Office[/font]

 

[aapitbull]

So now I am going to ask you again did the Teamsters misrepresent how this was to be handled to the CAL Mechanic's and I will tell you that is not the only e-mail i have. I did not know much about the teamsters prior to them getting in the way in Tulsa but my friends and I are a quick study and like Informer told you this is not Horizon your lies will be answered

 

[Raptorman49]

I agree I think additional money for the Teamsters Pension is one of the reasons they are organizing AA and other companies, sounds like a great motive to me & I'm ok with that, the Teamsters Pensions are guaranteed by the PBGC so if we choose to be in the Pension plan we can start accruing a Pension again ..... Works for me

 

[Hackman]

I agree I think additional money for the Teamsters Pension is one of the reasons they are organizing AA and other companies, sounds like a great motive to me & I'm ok with that, the Teamsters Pensions are guaranteed by the PBGC so if we choose to be in the Pension plan we can start accruing a Pension again ..... Works for me

Doesn't work for me, I will never have a corrupt union like the Ibt in control of any pension of mine. Try again.

 

[aapitbull]

I agree I think additional money for the Teamsters Pension is one of the reasons they are organizing AA and other companies, sounds like a great motive to me & I'm ok with that, the Teamsters Pensions are guaranteed by the PBGC so if we choose to be in the Pension plan we can start accruing a Pension again ..... Works for me

Hi Dan

Look you may want to be in another defined pension but most of us do not, we will take our 401k and manage our money ourselves the IBT can keep their pension fund and by the way if it goes to the PGBC they most likely will not give you double credit so no thanks by the way they promised the same crap at UAL a pension and opening the contract early never happened. so like the guys at JFK told them yesterday keep walkin!

 

[whoop whoop]

I do not know them personally, but I have spoken to both of them in person. Bob was former UAL, and Chris was former Continental. Bob worked in IAD for UA and Chris worked in IAH for CO. They are both now on leave of absence and working full time for the IBT international. The last time I spoke with Bob, he was on our negotiating team and had just accepted the Teamster job. I think it was late last year. You will get no BS from either one of these guys. They are not organizers and will be around long after the election. They each have more than two dozen years with their respective airlines.

If I'm not mistaken, Bob is Bob fisher. Talking about flip flopper, he was an IAM official, then an AMFA official, now EMPLOYED by the teamsters. This man is a true case of I get mine first.
As for Chris, this is Chris Moore. He has done nothing but cower to CAL for years, and works directly with CAL SCABS that crossed the iam pickett line in '83 that are now teamster reps. LOL, I couldn't make this up if I tried.



Both people are not trustworthy and would probably sell their own mothers for a buck or 2.

 

[whoop whoop]

Former UAL
Former Continental

Who do they work for now?

Elected or Appointed?

And why were their names listed as attending the TWU/IBT Alliance meeting at TWU Headquarters just weeks before AA filed for Chapter 11?

Bob, former UAL
Chris, former CAL
Both work for the teamsters
Both APPOINTED!!!!!!

Since anamoly couldn't answer, I figured I would, LOL!!!!

 

[whoop whoop]

Wanna wallow in the mud TEX,

Here ya go.

Friday, April 17, 2009

Is Your ex-AMFA Leadership worth $500,000?

According to the 2008 LM-2 that AMFA filed with the Department of Labor, AMFA paid Director Olivio V. Delle-Femine $560,394. Wow!

This brings to mind a couple of questions.

What did Mr. Delle-Femine do to deserve five-times the average salary of an employed Mechanic?

At a recent Local 14 meeting it was explained that part of this compensation included an annuity to cover his retirement.

What?! Over a half-million dollars for a retirement! At a time when mechanics are losing their pensions in bankruptcy, how the AMFA can justify spending this kind of money on a pension plan for an individual? The AMFA's membership is in steep decline, Northwest Airlines is gone, United Airlines is gone, and yet they feel the need to spend the hard earned dues money for a retired Director of the Association.

The annual dues for membership in the AMFA at Alaska are around $700. Coincidentally, if you took the dues paid by the members at Alaska Airlines for one year, it still wouldn't be enough to pay for the annuity. Since the AMFA's membership is declining, how can they justify this kind of expenditure?

Where in the AMFA constitution does it spell out this perk? How did this happen? But here is a bigger question…
Why aren't you guys pissed about this? The association is under attack and the leadership is spending money like it is going out of style.

Under the heading of Assets and Liabilities, the AMFA lists net assets of $734,022 at the beginning of the reporting period and a total of -$479,433 in net assets at the end of the reporting period. For those of you without a calculator, that's a loss of $1,213,455.

Again I ask, when you are losing this kind of money, how can you justify spending these exorbitant amounts?
The only explanation that I can come up with is that the AMFA leadership is out of touch with its membership.

Your point is moot!!!

He was with AMFA since the beginning, LOL. He started it. I as a mechanic after 30 years, I will get over $300,000 when I retire from the pension. What is so bad about him getting $500,000 when he retired?? After all the years and work he put in, I feel he should of gotten more. Thats the one thing I will agree with you. AMFA has a bad retirement plan for it's leaders of 40 years.....

HAHAHAHAHA!!!!!!

 

[whoop whoop]

Okey Dokey Cowboy.....



From AMFA 2008 LM-2 report in which they paid Delle his astronomical sum....look at the starting and ending assets. They were loosing money yet still piad the director half a million in salary. Whats more, they continued to purchase home loans as an investment. We all know now that mortgage baked securities was a really bad idea.


STATEMENT A - ASSETS AND LIABILITIES FILE NUMBER: 000-302
ASSETS ASSETS Schedule
Number Start of Reporting Period
(A) End of Reporting Period
( B) 22. Cash $623,806 $126,720 23. Accounts Receivable 1 $1,220,289 $507,941 24. Loans Receivable 2 $0 $0 25. U.S. Treasury Securities $0 $0 26. Investments 5 $0 $593,113 27. Fixed Assets 6 $92,011 $59,853 28. Other Assets 7 $38,308 $14,251 29. TOTAL ASSETS $1,974,414 $1,301,878
LIABILITIES LIABILITIES Schedule
Number Start of Reporting Period
(A) End of Reporting Period
( B) 30. Accounts Payable 8 $621,934 $309,814 31. Loans Payable 9 $8,667 $184,694 32. Mortgages Payable $0 $0 33. Other Liabilities 10 $609,791 $1,286,803 34. TOTAL LIABILITIES $1,240,392 $1,781,311 35. NET ASSETS $734,022 -$479,433
SCHEDULE 3 - SALE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 000-302
Description (if land or buildings give location)
(A) Cost
( B) Book Value
© Gross Sales Price
(D) Amount Received
(E) Total of all lines $534,421 $534,421 $494,281 $490,814 Citicorp Mortgage Securities Trust Series 2006-7 $3,085 $3,085 $3,085 $3,085 Banc Amer Alternative Ln Tr Series 2006-9 $8,029 $8,029 $8,029 $8,029 Federal Home Loan Mortgage Corp Series 3319 $100,369 $100,369 $90,876 $90,876 Gov't National Mortgage Assn Series 2008-44 $23,590 $23,590 $20,443 $20,443 Gov't national Mortgage Assn Series 2008-44 $69,475 $69,475 $66,327 $66,327 Federal National Mortgage Assn Series 2008-35 $100,163 $100,163 $91,257 $91,257 Wells Fargo Mortgage Backed Series 2007-10 $6,101 $6,101 $6,101 $6,101 Wells Fargo Mortgage Backed Series 2006-11 $7,255 $7,255 $7,255 $7,255 CHL Mortgage Pass-Through Tr Series 2006-21 $2,031 $2,031 $2,031 $2,031 Bank of America Mortgage Series 2007-3 $875 $875 $875 $875 Freddie Mac CMO/Series 2781 $47,612 $47,612 $47,612 $44,145 Citicorp Mortgage Securities Trst Series 2006-7 $3,085 $3,085 $3,085 $3,085 Banc Amer Alternative Ln Tr Series 2006-9 $5,353 $5,353 $5,353 $5,353 Federal Home Loan Mortgage Series 3319 $100,369 $100,369 $89,376 $89,376 Federal National Mortgage Assn Series 2008-35 $50,081 $50,081 $45,628 $45,628 Wells Fargo Mortgage Bkd Sec Series 2006-10 $4,950 $4,950 $4,950 $4,950 Wells Fargo Mortgage Bkd sec Series 2006-11 $1,998 $1,998 $1,998 $1,998 14. Less Reinvestments $0 (Net Sales total will automatically entered in Item 43) 15. Net Sales $490,814 Form LM-2 (Revised 2003)
SCHEDULE 4 - PURCHASE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 000-302
Description (if land or buildings, give location)
(A) Cost
( B) Book Value
© Cash Paid
(D) Total of all lines $1,197,836 $1,197,836 $1,197,836 Citicorp Mortgage Securities Trust Series 2006-7 $40,926 $40,926 $40,926 Banc Amer Alternative Ln Tr Series 2006-9 $96,347 $96,347 $96,347 Federal Home Loan Mortgage Corp Series 3319 $100,368 $100,368 $100,368 Gov't National Mortgage Assn Series 2008-44-DA $89,918 $89,918 $89,918 Federal National Mortgage Assn Series 2008-35 $100,163 $100,163 $100,163 Freddie Mac CMO/Series 2781 $47,612 $47,612 $47,612 Wells Fargo Mortgage Backed Sec Series 2007-10 $145,653 $145,653 $145,653 Wells Fargo Mortgage Backed Sec Series 2006-11 $116,686 $116,686 $116,686 CHL Mortgage Pass-Through Tr Series 2006-21 $28,328 $28,328 $28,328 Bank of America Mortgage Sec Series 2007-3 $19,449 $19,449 $19,449 Federal Home Loan Mortgage Corp Series 2898 $6,772 $6,772 $6,772 Citicorp Mortgage Securities Trust Series 2006-7 $40,926 $40,926 $40,926 Banc Amer Alternative Ln Tr Series 2006-9 $64,233 $64,233 $64,233 Federal Home Loan Mortgage Corp Series 3319 $100,368 $100,368 $100,368 Federal National Mortgage Assn Series 2008-35 $50,081 $50,081 $50,081 Wells Fargo Mortgage Backed Sec Series 2007-10 $118,203 $118,203 $118,203 Wells Fargo Mortgage Backed Sec Series 2007-11 $31,803 $31,803 $31,803 14. Less Reinvestments $0 (Net Purchases total will automatically entered in Item 60) 15. Net Purchases $1,197,836 Form LM-2 (Revised 2003)
SCHEDULE 5 - INVESTMENTS FILE NUMBER: 000-302
Description
(A) Amount
( B) Marketable Securities 1. Total Cost $666,565 2. Total Book Value $593,113 3. List each marketable security which has a book value over $5000 and exceeds 5% of Line 2.

• Bank of America Mortgage Sec Series 2005-5

$5,190

• Banc Amer Alt Loan Trust Series 2005-6

$5,867

• Wells Fargo Mortgage Backed Sec Series 2006-11

$108,516

• Citicorp Mortgage Securities Trust Series 2006-7

$29,740

• Banc Amer Alternative Loan Trust Series 2006-9

$73,880

• CHL Mortgage Pass-Through Tr Series 2006-21

$22,829

• Wells Fargo Mortgage Backed Sec Series 2007-10

$117,566

• Bank of America Mortgage Sec Series 2007-3

$14,923

• Federal Home Loan Mortgage Corp Series 2898

$6,886

• Wells Fargo Mortgage Backed Sec Series 2006-11

$29,547

• Citicorp Mortgage Securities Trust Series 2006-7

$29,739

• Banc Amer Alternative Loan Trust Series 2006-9

$49,254

• Wells Fargo Mortgage Backed Sec Series 2007-10

$95,396 Other Investments 4. Total Cost $0 5. Total Book Value $0 6. List each other investment which has a book value over $5000, of Line 5. Also list each Trust which is an investment.

• N/A

$0 7. Total of Lines 2 and 5 (Total will be automatically entered in Item 26, Column( B)) $593,113
Form LM-2 (Revised 2003)

Olivio V Delle-Femine
Director
P $558,494 $0 $1,900 $0 $560,394 I Schedule 15
Representational Activities 50 % Schedule 16
Political Activities and Lobbying % Schedule 17
Contributions % Schedule 18
General Overhead 10 % Schedule 19
Administration 40 % A
B
C Steve MacFarlan
Assistant Director
C $119,783 $0 $4,581 $0
$124,36 Schedule 15
Representational Activities 60 % Schedule 16
Political Activities and Lobbying % Schedule 17
Contributions % Schedule 18
General Overhead 15 % Schedule 19
Administration 25 % A
B
C Steven A Nowak
Secretary/Treasurer
C $109,194 $0 $5,136 $0 $114,330 I Schedule 15
Representational Activities 50 % Schedule 16
Political Activities and Lobbying % Schedule 17
Contributions % Schedule 18
General Overhead 25 % Schedule 19
Administration 25 %

Are you kidding me. Have you looked at some of the dates??

2003,2008. LOL, is that all you have??? You sir, are ridiculous!!

 

[Tex-Mech]

If I'm not mistaken, Bob is Bob fisher. Talking about flip flopper, he was an IAM official, then an AMFA official, now EMPLOYED by the teamsters. This man is a true case of I get mine first.
As for Chris, this is Chris Moore. He has done nothing but cower to CAL for years, and works directly with CAL SCABS that crossed the iam pickett line in '83 that are now teamster reps. LOL, I couldn't make this up if I tried.



Both people are not trustworthy and would probably sell their own mothers for a buck or 2.

So Chris "Moore" is less is a scab lover. Why am I not surprised, considering he hired into a scab hole just after the strike was declared over in April 1985. So all of his mentors would have been scabs.

Chris Moore
Continental Airlines
[email protected]
I have been a mechanic at Continental Airlines since 1986. I have spent my entire career—23 years—at IAH . In that time, I have worked on every version of the 737, from gear changes to engine changes, DC – 9 / MD 80, 727s, 747s, 757s, 767s and the last few years I have worked on the 777 phase A ck line and A300s which we operated for a few years. Most of those years have been spent on graveyard shift working either out of service or PSV crew with a couple of those years being spent on the Tech Support crew where we worked aircraft with “chronic” problems. In addition, from 1986 to 1990, I was part of the IAH engine change crew where, along with our normal line maintenance duties, we performed most of the scheduled and unscheduled engine changes in our region.
Mechanics and related at Continental Airlines became Teamsters in 1997. I became a shop steward in 2000 and chief steward from 2004 through 2007. During the period from 2000 through 2005, I also chaired the IAH Maintenance Safety Committee. During the US Airways/America West merger in 2005, I was asked by my local union to assist the Teamsters Organizing Department on a campaign to help our brothers and sisters at American West remain Teamsters. Since then I have worked with the Organizing Department on the United Airlines and FedEx mechanics campaigns. In September of 2007, I was elected to and currently chair the TAMC.

Did Abnormal say that he wasn't an ORGANIZER?

 

[whoop whoop]

BULL SH**

The decree speaks exactly on the date used for seniority. The link I sent you is just a brief overview of the actual court decision. The actual description of how the decree is implemented is several hundred pages. To sum it all up however, HIRE DATE is the rule.

Lay off and Recall is the underlying point.

That's hysterical, I'm at the CAL side and was just told yesterday by a teamster rep that the consent decree was JUST FOR RECALL AND LAYOFF. That we would still have a say on how we integrate our seniority.

So, either you are lying or this rep was lying. Which one is it??

Either way, this proves how the teamsters talk out of both sides of their mouth. They cannot help but to lie, because anything they do, is purely for the good of the ibt ans NOT the membership.

 

[TWU informer]

Either way, this proves how the teamsters talk out of both sides of their mouth. They cannot help but to lie, because anything they do, is purely for the good of the ibt ans NOT the membership.

This must be the main qualifier to be an Industrial Union.

Along with spending the pension on politics based on investment returns, and then when the stocks crash go after more members to make up the loss. Just like Social Security.

What are the Bankruptcy Laws on Union Pension Plans?

 

[aapitbull]

Anomaly is missing today must be a offical teamsters BA holiday are the organizers off today also.

 

[ThirdSeatHero]

So now I am going to ask you again did the Teamsters misrepresent how this was to be handled to the CAL Mechanic's and I will tell you that is not the only e-mail i have. I did not know much about the teamsters prior to them getting in the way in Tulsa but my friends and I are a quick study and like Informer told you this is not Horizon your lies will be answered

The Seniority Integration is just another example of teamsters saying anything to get a deal done.

During the ibt raid on UAL, the teamsters had no problem promising the UAL mechanics Date of Hire seniority. In fact, the (then) Airline Division Director, Don Treichler put the promise down in writing...twice.


Now if they were putting that down in writing in 2007 & 2008 ....One, how can seniority integration take so long(its 2012 and still not official) and.....Two, why were the CAL mechanics misled into believing they would have a vote on Seniority Integration if an acceptable mutual agreement could not be reached?

Gentlemen, these are kind of games your should come to expect should you look to the teamsters for representation.

 

[Tex-Mech]

Anomaly is missing today must be a offical teamsters BA holiday are the organizers off today also.

No he got his puppet Rapture doing his work for him.